The Bank of Nigeria CBN has announced that it will stop collecting old documents until 10 February.

The Bank of Nigeria CBN has announced that it will stop collecting old documents until 10 February.

The Bank of Nigeria CBN has announced that it will stop collecting old documents until 10 February.

Godwin Emefiele’s Governor announced this in a statement issued on Sunday.

The Governor said so far CBN has collected one trillion naira and 900 billion of old documents, while remaining 900 billion naira has completed collecting old documents.

He said that CBN must seek for President Muhammadu Buhari's resignation in order to postpone the collecting of the old documents, and agreed to increase the pledge in 10 days.

“Due to the current situation, we requested and received orders from the President as: 10 more days for collecting old cash from 31 January to 10 February, the collecting of the Nigerian official will continue,” Listen to the announcement.

"Seven days opportunity, from 10 to 17 February, for the public to refund their old currency to the Big Bank of Nigeria after the complete prohibition, as per law 20(3) and 22nd of the Big Bank".

“The information we have received since 2015, shows that the money flowing in the hands of Nigerians is up to one trillion and 400 billion naira. But by October 2022, aliens show there will be over 3 trillion and 230 billion going around in the hands of people.

“This shows that Naira is only 500 billion in the hands of banks, while two trillion and 700 billion naira are hidden in the hands of some few.” """""

CBN Governor has called on Nigerians to be obedient and cooperative to ensure the refund is completed without any violence.

Before this step, many Nigerians have faced uncomfortable situations in transferring their old currency into banks.

In a statement, the Governor of the Big Bank praised President Buhari for cooperating with CBN for presenting this change of money which he said "it should be held every five to eight years, but Nigeria has not spent 19 years."

Big politicians in Nigeria such as Atiku Abubakar, Rabi'u Musa Kwankwaso, Peter Obi and Bola Ahmed Tinubu have called on CBN to increase the amount of money.